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1505 W Indiana Ave 5,436 SF Retail Building South Bend, IN 46613 $250,000 ($45.99/SF)

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Investment Highlights

  • Freestanding restaurant building
  • Large 1.15 acre parcel
  • 45 parking spaces
  • 1,584 SF | Two stories
  • 173’ frontage on Indiana Ave
  • Multiple commercial zoning designations (NC / I / UI)

Executive Summary

Exceptional commercial opportunity spanning seven parcels (over an acre total), offering extensive space, two structures, and flexible use potential! 3-way liquor license. The main building features a former bar on the main level with an ideal layout for a restaurant, lounge, or entertainment venue. The upper level provides two areas previously used for private events, including graduations, parties, and community gatherings. A spacious outdoor patio enhances the property's entertainment appeal and is well-suited for outdoor dining, live music, seasonal events or your own Quinceaera! This amazing opportunity provides significant versatility for redevelopment, owner-operation, or investment. The property is being sold in as-is condition. Request your appointment today! Motivated seller!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,436 SF
Building Class
C
Year Built
1923
Price
$250,000
Price Per SF
$45.99
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.15 AC
Zoning
NC, I, UI - Commercial
Parking
45 Spaces (28.41 Spaces per 1,000 SF Leased)
Frontage
173’ on Indiana Ave

Amenities

  • Corner Lot

Property Taxes

Property Taxes

Parcel Number
71-08-14-302-007.000-026
Land Assessment
$3,600
Improvements Assessment
$70,600
Total Assessment
$74,200
  • Listing ID: 39549072

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 1505 W Indiana Ave, South Bend, IN 46613

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